Southern Asia: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Southern Asia

The South Asian frozen crustaceans market expanded modestly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Frozen Crustaceans Production in Southern Asia

In value terms, frozen crustaceans production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports in Southern Asia

In 2022, frozen crustaceans exports in Southern Asia shrank to X tons, dropping by X% against 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, frozen crustaceans exports contracted to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), creating a X% share of total exports. Pakistan (X tons) took a relatively small share of total exports.

India was also the fastest-growing in terms of the frozen crustaceans exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest frozen crustaceans supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Crustaceans Imports

Imports in Southern Asia

In 2022, approx. X tons of frozen crustaceans were imported in Southern Asia; shrinking by X% on the year before. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, frozen crustaceans imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, India (X tons) represented the key importer of frozen crustaceans, constituting X% of total imports. Pakistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (X%). The following importers - Bangladesh (X tons) and Sri Lanka (X tons) - each finished at an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen crustaceans imports into India stood at X%. At the same time, Sri Lanka (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Maldives (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Pakistan and Sri Lanka increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported frozen crustaceans in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In India, frozen crustaceans imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a slight slump. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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